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International Commerce – Development Factor in China and India

Author

Listed:
  • Mihaela NECULITA

    (Dunarea de Jos University of Galati, Romania)

  • Daniela Ancuta SARPE

    (Dunarea de Jos University of Galati, Romania)

Abstract

This paper aims to present the theoretical aspects related to international trade and its role in the development of the two economic giants: China and India, as well as the contribution of the above-mentioned countries to the world economy. This issue is considered as topical as international trade has become a primary component of economic activity in most countries. Over time, developing economies such as China and India have made their presence felt in the global economy and have become the factors of its growth. Among other developing countries, China and India are distinguished by a faster growth of the economy. India, due to its distinct development strategy, has the potential to economically influence the activities of the global economy in the years to come even more than China. Respectively, another point that draws attention to this topic is the emergence of China and India as new poles of trade, innovation and growth alongside the USA, Japan and the EU. To analyze the commercial performance in the two countries over the last 20 years, it is necessary to examine their commercial patterns. Although both countries have high openness ratios, they have different trade balances. In the case study, the indicators and external economic activity of these countries will be compared. For this, it is necessary to analyze, assess and compare the magnitude of the international activities of these superpowers.

Suggested Citation

  • Mihaela NECULITA & Daniela Ancuta SARPE, 2018. "International Commerce – Development Factor in China and India," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 65-72.
    • Handle: RePEc:ddj:fseeai:y:2018:i:3:p:65-72
    DOI: https://doi.org/10.26397/eai1584040918
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    References listed on IDEAS

    as
    1. Raymond Vernon, 1966. "International Investment and International Trade in the Product Cycle," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 80(2), pages 190-207.
    2. M. V. Posner, 1961. "International Trade And Technical Change," Oxford Economic Papers, Oxford University Press, vol. 13(3), pages 323-341.
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